Dain Correspondent Services Launches Online Demos of Technology Tools.Business Editors & Technology Writers MINNEAPOLIS--(BUSINESS WIRE)--May 16, 2001 Correspondent brokers across the country will have a way to preview tools and technology that can help them serve their clients and manage their business better than ever, thanks to Dain Correspondent Services (DCS (1) See also DSC. (2) Digital Cross-connect System) A network switching and grooming device used by telecom carriers. See digital cross-connect. ), the clearing unit of Dain Rauscher. The tools demonstrated include their broker workstation, which features Internet access See how to access the Internet. to back office functions, online research from three of the largest sources, and client access to account information. Demos of the technology can be accessed at www.DainCS.com, a relaunched and redesigned web site. Under the motto, "You've got the drive. Let DCS be the engine," the new web site demonstrates to potential correspondents the wide range of information and tools Dain Correspondent Services can offer them. "With the right clearing partner, firms can become more efficient, more creative and more productive," said Michael Kavanagh Michael Kavanagh (born 6 April, 1979) is an Irish sportsman. Heplays hurling with his local club St. Lachtain's and with the Kilkenny senior inter-county team. Early & private life Michael Kavanagh was born in Freshford, County Kilkenny in 1979. , Correspondent Services director. "Our site demonstrates that our correspondents have access to technologies, products and services that top brokers use to become some of the most productive in the industry. At the same time, our clients will have a range of resources -- including a relationship manager, client service center and help desk -- devoted exclusively to helping them meet their needs." The new site is part of an aggressive approach by DCS to attract new correspondents to the firm. The new web site contains testimonials from correspondents now using the firm for their back-office operations. "Our correspondent firms are our best advertising," Kavanagh said. "By highlighting their comments, we are demonstrating the loyalty we have built among our clients." DCS correspondents have responded very favorably fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. to the tools that help them run their business and provide clients with information usually reserved for larger organizations. Those visiting the site can view four demos of products they will have access to as DCS correspondents: -- BETALink, the broker workstation providing the tools and technology needed to run a full-service brokerage business, complete with order entry, market quotes and complete cross-referencing of securities and client accounts. -- Research Connect, a tool that provides access to online research from Dain Rauscher Wessels, Credit Suisse First Boston and Argus Corporation. -- Gateway InfoWorkS(SM), DCS's secured intranet site that provides the tools and information brokers need to become more productive and to better serve their clients, including links to the IE Workstation, online statements and confirmations and online research. -- Investor Connect(SM), a full-service web site that allows correspondent clients to view their accounts online, seven days a week, 24 hours a day. Clients can view the market and choose to watch certain stocks. Correspondents can personalize the site with their own logos and choice of color schemes and picture themes. Dain Correspondent Services has provided clearing, trade execution, investment product platforms, technology and business services designed to meet the specific needs of retail focused brokerages and investment advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and for more than 25 years. It provides these services to 176 non-affiliated brokerages across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . It is a unit of Dain Rauscher Incorporated, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. (NYSE NYSE See: New York Stock Exchange :RY), and is one of the nation's largest full-service securities firms with 1,200 investment executives and 3,800 employees. Dain Rauscher Incorporated serves individual investors and small business owners through offices predominantly pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. in the western half of the United States, and capital markets and correspondent clients in select U.S. and European markets. Founded in 1909, Dain Rauscher Incorporated is a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and other major securities exchanges, as well as the Securities Investor Protection Corp. The company's headquarters are at Dain Rauscher Plaza, 60 S. Sixth St., Minneapolis, 55402-4422. |
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